Q1 DPS Growth Slows To 7.5%; S&P 500 Dividend Yield Crosses Above US 10-Year Yield

Q1 DPS Growth Slows To 7.5% by Andrew Birstingl, FactSet

Marking the largest aggregate of dividends per share in at least a decade, DPS for the S&P 500 amounted to $43.90 for the trailing 12 months (TTM) ending in Q1. This represented a 7.5% year-over-year growth rate and a slight uptick from the dividend amount in Q4.

But while DPS for the index has continued to rise, it has been doing so at a decreasing rate. Q1 was the second consecutive quarter that DPS has increased at a single-digit growth rate. This marked a divergence from the post-recession trend, in which dividends per share for the S&P 500 grew at double-digit growth rates. In the TTM ending in Q1, only...